May 12, 2021

Sebi extends monetary outcomes submitting deadline to June 30

Mumbai: The Securities and Alternate Board of India(Sebi) on Thursday has relaxed compliance guidelines for India Inc amid the second wave of Covid pandemic.

The regulator has prolonged the deadline by 45 days for corporations to file their fourth quarter and annual audited monetary outcomes. They’ll now file by June 30.

“Sebi is in receipt of representations from listed entities, skilled our bodies, trade associations, market individuals and so forth. requesting extension of timelines for numerous filings and leisure from sure compliance obligations underneath the LODR(Itemizing Obligations Disclosure Necessities) Laws inter-alia as a result of ongoing second wave of the CoVID-19 pandemic and restrictions imposed by numerous state governments,” Sebi stated in a round posted on its web site.

At current, corporations are required to file their quarterly outcomes inside 45 days from finish of the quarter and in case of annual monetary outcomes inside 60 days from finish of the monetary yr. As per that timeframe, corporations would have needed to file their quarterly and annual outcomes by Might 15 and Might 30 respectively.

The regulator stated listed entities can use digital signature certifications for all filings made to the inventory exchanges till December 31, 2021.